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$3,186 (target)

4305 Gorman Rd, Wichita Falls, TX 76302

3 beds • 2 baths • 2030 sqft

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This property might be a fair Mid-Term investment with a projected 1.36% first-year return on $78,354 initial cash invested.

1.36%

Cash On Cash

6.93%

Cap Rate

1.15

DSCR

$3,186

Rent

$89

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,186 income − $3,097 expenses = $89 cash flow

Income$3,186Mortgage P&I$1,44345%Property Taxes$46215%Insurance$1103%Management$38212%CapEx$1274%Vacancy$963%Maintenance$1274%Other$35011%Cash Flow$89

Investment Breakdown

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Purchase Price

$287k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,354

Downpayment

20%

$57,480

Closing costs

1%

$2,874

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,186

Total Expenses

$3,097

Mortgage P&I

45%

$1,443

Property Taxes

14%

$462

Home Insurance

3%

$110

HOA

0%

$0

Property Management

12%

$382

CapEx

4%

$127

Vacancy

3%

$96

Maintenance

4%

$127

Other

11%

$350

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